
Nikkei225 breaks major resistance 16525, targets 17250
Mar 02, 2016 02:25 am UTC| Technicals
Major resistance - 165255 (200 day 4 HMA) Major support -16200 The index has broken major resistance 16525 and jumped till 16725 at the time of writing. It is currently trading around 16721. Any break above...

FxWirePro: USD/CHF key support at 0.9957, bullish in the short term
Mar 01, 2016 18:52 pm UTC| Technicals
The USD/CHF rebounded from 0.9962 levels, erasing the earlier losses, after US ISM manufacturing PMI data released from the US market printed positive figures. The short term picture depicts more bullish trend for this...
Gold retreats from daily high, outlook bullish - long around 1220, targets around 1247/1272, SL 1206
Mar 01, 2016 18:16 pm UTC| Technicals
Gold has retreated after finding resistance at 1247 levels to trade around 1230 levels, erasing some earlier gains made in the early US session. However, downside is set to be limited as the commodity finds strong support...
FxWirePro: AUD/USD consolidating around 0.7165 levels, outlook bullish
Mar 01, 2016 17:33 pm UTC| Technicals
AUD/USD inched higher on Tuesday as strong rebound in oil prices supported Aussie bulls. Much of the move was due strong rebound in oil prices after Wall Street rally boosted crude oil prices. Currently the pair...

FxWirePro: EUR/USD gains some upside momentum but still bearish
Mar 01, 2016 16:06 pm UTC| Technicals
The EUR/USD pair is trading as low as 1.0866 in the early the US session as the pair attracted sellers on fears of possible Brexit from Eurozone. The pair initially bounced back towards 1.0885 level. However after finding...

FxWirePro: GBP/USD fails to break resistance at 1.4015 levels, good to sell on rallies
Mar 01, 2016 15:00 pm UTC| Technicals
GBP/USD rebounded strongly towards 1.4000 earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4015, as the pound ran out of strength against US dollar. The pair...

Mar 01, 2016 13:25 pm UTC| Technicals
Technical Inference: Yellow metal seems to have lost the momentum in upswings ever since it has formed a shooting star at 1228.73 levels (see red colored cirle). Thus far, weve seen the precious metal to surpass all...